The South Korean data center rack market reached a volume of 175,774 in the previous year, and it is further projected to register a CAGR of 8.4% during the forecast period. The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country, leading to a growing need for data center racks.
The upcoming DC construction projects in the country will likely increase the demand for Data Center Racks in the coming years. A few major players, such as Olabs Technology Company Limited., Raritan Inc., Delta Power Solutions, and Eaton Corporation, currently dominate the market. These major players with a prominent market share focus on expanding their customer base across the region.
In June 2023, Empyrion DC has planned to open a new data center facility in the Gangnam area of Seoul, South Korea, with an IT space of 30,715 sqm (330,615 sq ft), nine-story facility is set to come online in H1 2025.
In April 2023, APAC data center firm Digital Edge announced a new data center in Incheon, South Korea, developed in partnership with SK ecoplant. SEL2 will be a two-building, 120MW campus, with the first phase due to come into service in 2024.
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